(f) On English kit bags valued at $25, $27.50, $33, $42.50, $55, and $68. (g) On portfolios marked $2, $4.50, and $5 up to $17.50. (h) On purses at prices ranging from $1.50 to $25. 12. Find an advertisement in a local paper, offering special reductions on at least five different items. Make and solve ten problems based on this advertisement. 13. (a) Write an advertisement for a special sale in a drug store or dry goods store. Offer discounts on at least ten articles. (b) Find the amount saved on each article advertised. L. WHOLESALE AND RETAIL PRICES 1. (a) Publishers of books send out catalogues to booksellers and schools with names and prices of the books listed. The prices in a catalogue are called list prices. Publishers usually give a discount to schools and book dealers who buy books in wholesale quantities. (b) In some states, the law fixes the discount given by the publishers and the per cent of gain that the dealer may charge on school books. In Ohio the publisher must give a discount of 25% on the list price, and the dealer may add a profit of 10% of the cost to fix his retail price. For example, a history listed by the publisher at $1 is sold to the dealer at 25% off, or at 75¢. The dealer's profit is 10% of 75¢ or 8. The selling price to school children is 75¢ + 8¢ cr 83¢. 2. From the following price lists of school books, find the cost of each to the book dealers of Ohio and to the school children of the state. 3. (a) Find out how school books are sold in your own state. (b) From a catalogue find the list price of books used in your school. (c) Calculate their wholesale and retail prices. 4. Two high school boys have a supply store in the school. They buy in large quantities the pens, pencils, paper, and other supplies the pupils need, and sell them in small quantities; that is, they buy at wholesale and sell at retail. Their profits vary according to the per cents given in the table. Find the retail prices of the following articles. 5. (a) During the war the Government fixed prices of foodstuffs that the retail grocer should pay to the wholesaler, and also the prices charged the consumer. From time to time these price lists were published in the papers. From the following list calculate the per cent of gain on each article. (b) On which did the grocer make the largest profit? on which, the least? 6 @ 7¢ alb. 6 @ 6¢ a lb. 10 @ 13¢ a lb. (c) By a line or bar graph, compare the profit made on wheat flour, barley flour, corn meal, corn flour, cornstarch, rice, and rice flour. M. DOING BUSINESS FOR OTHERS I. Commission CRAL 1. (a) If a person builds a house, he usually gets anOF architect to draw plans for it and to superintend the building of it. The architect's charges will vary with the cost of the house, for he gets a certain per cent of the cost. (b) If a real estate dealer sells a piece of property 1819 for someone, he charges a per cent of the selling (c) If the amount paid to one person for doing business (e) Which method of payment would be the better (f) With which method does the salesman run the greater risk? (g) Sometimes a salesman receives a fixed salary and also a per cent of all goods sold above a certain amount. (h) Compare the last method with the other two, from the point of view of the salesman and of the manufacturer. 2. A real estate agent sells a house for $5600. If he charges the owner 3% commission, how much does he receive? 3. Another agent offered to sell it, charging 5% commission for the first $2500, and 2% on all above $2500. Which agent was the cheaper and how much? 4. (a) A school, giving an entertainment, asked the pupils to sell tickets. Each pupil who sold ten tickets for the school was given one for himself. What was the rate of the pupil's commission? (b) If the school sold five hundred tickets at twentyfive cents each, and on four hundred of them the free ticket was given for every ten, what were the school receipts? |